The real estate sector has a lot of catching up to do in terms of growth.
But it’s not the only one, said Chris Haines, an associate professor at the School of Public Policy and Management at the University of Texas.
He added that he thinks the housing sector needs to start moving up the ranks.
The economy has been growing steadily, he said.
But we haven’t seen a lot more innovation in the sector and I think the housing market is in a pretty precarious position.